Epfo auto settlement limit increase: EPFO has taken a significant step

EPFO has taken a significant step forward in its efforts to enhance member services by increasing the auto-settlement limit for advance claims from existing ₹1 lakh to ₹5 lakhs . This move will help lakhs of EPFO members receive funds faster, especially in times of urgent need. The Employees' Provident Fund Organisation ( EPFO ) has enhanced its auto - settlement limit for advance withdrawals from ₹1 lakh to ₹5 lakh, enabling quicker access to funds within 3 days. This move is aimed at benefiting crores of subscribers needing urgent financial support. The Employees’ Provident Fund Organisation ( EPFO ) has increased the limit for auto settlement of claims to Rs 5 lakh from Rs 1 lakh, Minister for Labour and Employment Mansukh Mandaviya said on Tuesday. This means over 7.4 crore subscribers of the retirement fund body can now withdraw their funds ... The Employees’ Provident Fund Organization ( EPFO ) is set to increase its auto - settlement limit for Provident Fund (PF) withdrawals from ₹1 lakh to ₹5 lakh. If approved, this move is expected to significantly benefit over 7.5 crore EPF account holders, enhancing the speed and convenience of claim processing through the Unified Account Number (UAN) portal. The initiative is designed to streamline advance withdrawal claims and support digital payments through UPI. Here’s everything you ...